The AUDUSD pair achieved a breach to the bearish channel’s resistance and closed the dailyl candlestick above it, opening the way towards a bullish correctional wave that its initial main target at 0.7015.
Therefore, the bullish bias will be preferred in the upcoming period supported by moving above the EMA50, pointing that breaking 0.6820 and trading below it will reactivate the main bearish trend scenario.
The expected trading range for today is between 0.6780 support and 0.6900
The expected trend for today: Bullish